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PolicyMarch 3 2010

Will Chile's right turn mean business?

President elect: Sebastián Piñera swept to power in Chile in JanuaryChile's new right-wing government has promised to sustain the country's growth trajectory with a series of reforms, aimed at diversifying its economy, which is highly dependent on the copper industry, and improving conditions for SMEs. Writer Jason Mitchell
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Will Chile's right turn mean business?

Sebastián Piñera, Chile's right-wing, billionaire president-elect wants to implement significant 'supply-side' reforms and propel forward the capital markets of Latin America's best-rated sovereign.

Mr Piñera, aged 61, who represents the Alliance for Change coalition and will be Chile's first right-wing president for almost 20 years, beat Eduardo Frei, who stood for the incumbent centre-left alliance Concertación, by a narrow margin during the run-off presidential election on January 17 (51.6% to 48.4%). He assumes office on March 11 and has already appointed his cabinet, half of whom have been educated at top US universities.

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